Strong fundamentals for Platinum & Palladium
Earlier this month we posted an article on how palladium has outperformed all PM’s this year and is set to continue. It’s worth remembering both platinum and palladium (or PGM’s – platinum group metals) are essential elements to the ever growing automotive catalytic converter industry. More countries are mandating them and developed countries increasing emission standards. And if we all one day drive hydrogen fuel cell cars instead? Well Toyota say that is both closer than many think and actually use more platinum per car than fossil fuelled cars! Add into the equation the supply constraints due to ongoing industrial issues in South Africa (the dominant producer) and PGM’s look an appealing part of any precious metals portfolio. You can purchase both on line right now in our web shop.